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▌BitMEX is seeking a sale and has contacted investment bank Broadhaven Capital to assist in the transaction
The cryptocurrency trading platform BitMEX is seeking a sale and has hired investment bank Broadhaven Capital Partners to assist in the transaction. Founded in 2014 by Arthur Hayes et al. BitMEX is charged with failure to implement effective anti-money laundering measures. Hayes resigned as CEO after facing criminal charges in the United States.
▌US SEC Qualification: Memecoins do not belong to securities, investors must bear their own risks.
The Securities and Exchange Commission (SEC) Corporate Financing Supervision Department has issued guidance on memecoins, saying that they do not belong to securities, but are similar to collectibles. The department believes that the transactions regarding meme coins described in the guidelines do not involve securities issuance and sales under the federal securities laws. Therefore, individuals involved in the issuance and sale of meme coins do not need to register their transactions with the Commission under the Securities Act 1933, nor do they need to comply with the registration exemption clauses in the Securities Act. Therefore, buyers or holders of meme coins are not protected by federal securities laws.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$84,487.05, with an intraday increase of 0.1%;
ETH's latest transaction price is US$2,300.15, with an intraday increase of -1.8%;
BNB's latest transaction price is US$603.87, with an intraday increase of -1.1%;
SOL's latest transaction price is US$137.07, with an intraday increase of +0.6%;
DOGE's latest transaction price is US$0.2061, with an intraday increase of +1.0%;
XPR's latest transaction price is US$2.19, with an intraday increase of -0.6%.
▌U.S. SEC announced that it has lifted civil law enforcement actions against Coinbase
According to market news, the US Securities and Exchange Commission (SEC) announced that it has lifted civil law enforcement actions against Coinbase (COIN.O).
The case dates back to June 2023 (two years after Coinbase went public), when the SEC sued Coinbase, which accused Coinbase of merging three normally separate functions, broker, exchange and clearing agencies, in violation of U.S. securities laws.
▌SEC Commissioner: SEC withdraws civil enforcement lawsuits against Coinbase does not mean that it waives law enforcement
SEC Commissioner Hester M. Peirce issued a statement saying that the SEC has officially withdrawn its anti-CoinbASE's civil law enforcement lawsuit and said that no further action will be taken in the case. Peirce made it clear that she never supported the case and criticized the previous SEC's reliance on law enforcement actions to regulate the crypto industry, believing that it has harmed the public interest of the U.S., hindered the industry and hindered the normal function of the SEC professional team.
Peirce pointed out that the SEC's wide application of Howey tests has led to unclear supervision, making it difficult for compliant companies to operate, while criminals use vague regulatory areas to evade legal liability. Furthermore, due to the lack of a clear regulatory framework, many crypto companies are forced to spend a lot of resources on legal responses rather than product innovation. She believes that the SEC's previous practices in law enforcement not only misleads the industry, but also prevents the team from effectively participating in the formulation of industry rules.
She stressed that the SEC has established a "Crypto Task Force" to give team leadership and cooperate with the public to develop a regulatory framework suitable for the crypto industry. The withdrawal of the lawsuit does not mean that the SEC abandons law enforcement, but rather indicates that future regulation will focus on formulation rather than relying solely on law enforcement actions.
▌Consensys founder: In principle, the US SEC has agreed to reject the securities enforcement case against MetaMask
ConsenSys founder Joseph Lubin posted a statement on the X platform that Consensys has agreed to reject the securities enforcement case regarding MetaMask in principle, and the US SEC will submit a valid closing agreement to the court. Joseph Lubin added that ConsenSys will now be able to invest 100% in recovery, and 2025 will be the best year for Ethereum and Consensys to date, and the transition to a more decentralized world paradigm is accelerating.
▌Lawyer: Any meme coin project involving fraud may still face legal accountability at the federal or state level in the United States
Khurram Dara, the lawyer and person in charge of Bain Capital Crypto, posted on the X platform that the US SEC issued guidance on meme coin today, clearly stating that "meme coin" does not belong to securities, but is more like a collectible. As soon as this news came out, some market participants interpreted that the SEC's attitude towards meme coin supervision was "loosened".
However, Khurram Dara warned that the market should not over-interpret the SEC's "friendly" posture, and that the SEC's statement only represents the opinions of its corporate financing regulatory authorities and is limited to the federal securities law level. More importantly, the SEC clearly emphasized at the end of the guidance that if the issuance and sale of meme coins involves fraud, it will still face law enforcement and prosecution from other federal or state agencies.
Blockchain Applications
▌Coinbase and NEAR and others have established an open AI alliance to promote decentralized AI services. Coinbase, NEAR AI and several blockchain and AI projects jointly established an Open Agents Alliance (OAA), aiming to use blockchain infrastructure to promote open artificial intelligence (AI) services. The alliance is committed to “ensure secure, open source, economical and equitable AI access.” Members will provide AI proxy framework, cloud custody and fiat/cryptocurrency conversion channels to provide support for developers to build and deploy AI tools.
▌Blockchain loyalty platform Blackbird launches the Base chain-based Flynet mainnet
Blackbird is a restaurant loyalty platform founded by Resy and Eater co-founder Ben Leventhal. The company announced that its Flynet mainnet is online to transfer restaurant payment capabilities to the chain. Flynet is a third-layer blockchain based on Coinbase's Base chain.
▌The number of new tokens launched on Pump.fun has dropped by more than 80% from its peak
According to data from Dune Analytics, the number of new tokens successfully listed on the memecoin platform Pump.fun has fallen by more than 80% from its January high. Data shows that the number of tokens that complete Pump.fun's "bonding curve" per day has dropped from nearly 1,200 on January 23 and 24 to about 200 on February 26.
Cryptocurrency
▌Stripe: Stablecoins are one of the most innovative areas of the “Internet economy”
Payment company Stripe will reach $1.4 trillion in total transaction volume in 2024, and the company said in its annual letter released Thursday that stablecoins are one of the most innovative areas of the “Internet economy”.
Stripe spent $1.1 billion to acquire stablecoin startup Bridge in October last year. In its annual letter, the company's co-founders Patrick and John Collison pointed out that stablecoins represent "improvements" in "basic availability of currency". Just as paper money is an advancement in coins, the founders of Stripe wrote: "Stablecoins have four important characteristics compared to the status quo. They make money flow cheaper and make money flow faster. They are decentralized and open (and therefore available globally from day one), and they are programmable."
Chainalysis: Crypto crimes may exceed $51 billion in 2024
Chainalysis 2025 The 2019 "Crypto Crime Report" shows that crypto crime has entered the power of artificial intelligenceThe era of specialization dominated by dynamic scams, stablecoin money laundering and efficient network groups has reached $51 billion in illegal transactions over the past year, breaking previous records. Preliminary estimates show that crypto crime has declined in 2024. But more in-depth analysis shows that this is not the case: criminals have adopted advanced money laundering technologies, relying on stablecoins, DeFi and artificial intelligence-driven deception, creating the illusion of reduced crime.
▌Analysts: A 25% pullback is common during the bull cycle and will continue to maintain a bullish stance
BRN analyst Valentin Fournier said, “Trump’s announcement of a possible 25% tariff on European commodities has re-raised investors’ concerns, causing the cryptocurrency fear and greed index to fall to 10, in an extremely feared area. Although some are concerned about the beginning of a bear market, history shows that a 25% pullback is common during the bull cycle. U.S. efforts to build cryptocurrency reserves remain a major long-term catalyst to keep the savings bullish, and markets are expected to rebound before the end of this week, against BTC and ETH Stay neutral. ”
▌Standard Chartered analyst: Bitcoin may fall 10% to $80,000
Geoff Kendrick, an analyst at Standard Chartered, said Bitcoin may fall 10% to $80,000, but a decline in Treasury yields may bring a rebound.
▌More than 121 million USDTs were transferred from unknown wallets to Binance
According to monitoring by on-link data tracking service Whale Alert, 121,011,009 USDTs were transferred from unknown wallets to Binance at around 8:03 am Beijing time.
Important economic trends
▌U.S. Treasury Secretary: The economic framework agreement with Ukraine has been completed and no further negotiations are needed
U.S. Treasury Secretary Besent said on the 27th that the economic framework agreement with Ukraine has been completed, covering key minerals, oil and gas and infrastructure assets. Besent said that Ukrainian President Zelensky and U.S. President Trump will sign the agreement on the 28th and no longer negotiate on the issue. He said it was a win-win deal on strategic minerals, oil and gas and infrastructure assets.
▌The probability of the Federal Reserve keeping interest rates unchanged in March is 95.5%
According to CME's "Feder Observation", the probability of the Federal Reserve keeping interest rates unchanged in March is 95.5%, and the probability of a 25 basis point cut is 4.5%. The probability of maintaining the current interest rate unchanged by May is 73.2%, the probability of a cumulative interest rate cut of 25 basis points is 25.8%, and the probability of a cumulative interest rate cut of 50 basis points is 1.1%.
Golden Encyclopedia
▌What is fractal Bitcoin
Fractal Bitcoin is an innovative blockchainThe scaling solution, based on recursive virtualization technology, enhances the scalability of Bitcoin by creating a multi-layer network structure while maintaining a secure connection to the main network. The creative background of fractal Bitcoin originated from the emergence of the Ordinals protocol and related applications in 2023. For security reasons, Bitcoin imposes restrictions on opcode and block storage space in its iteration. When the Bitcoin chain ecosystem is developing rapidly, there are limitations in on-chain computing power and block space, so the developers proposed the concept of fractal Bitcoin, hoping to solve the shortcomings of the Bitcoin network.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
